Word: taiwan
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Dates: during 1980-1989
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...puritan standards of the U.S., says one American banker, "the lack of public disclosure here is scandalous." The city is a mecca for arms dealers, drug traffickers and business pirates of every description. "Where else could I broker a deal that involves machine guns from China, gold from Taiwan and shipments traded in Panama City?" says a Brazilian arms merchant who maintains an apartment in Hong Kong...
...acknowledged that there would be "a great temptation for the Soviets and others to have a little repression on the way to free markets," a process he called "perestroika without glasnost." But Grunwald doubted even that would have the desired result. He pointed out that while some Asian economies -- Taiwan's and South Korea's, for example -- flourished under authoritarian regimes, much of Latin America's had not. Said he: "There must be a degree of democracy and freedom for people to do their best, to take chances...
There was never a chance that Taiwan's long-ruling Kuomintang would be defeated in national elections earlier this month. The suspense centered on whether the Democratic Progressive Party, in its maiden contest as a legal opposition, would even dent the KMT's armor. The results, announced last week, surprised many observers. D.P.P. candidates won 21 out of 101 available seats in the Legislative Yuan, enabling the party for the first time to sponsor new bills...
...ballots and independent candidates took 11%. That left the KMT, despite its control of the broadcast media and its fat campaign coffers, with a 59% share, an all-time low. The D.P.P.'s strong showing underscored growing resentment toward the KMT's 40-year political monopoly on Taiwan...
...Cheung Ivory once employed 100 carvers. Now there are five, all old men, who at night can be found sitting around a table eating a silent dinner of silvery fish, cabbage and egg. Behind them is a wall of ivory tusks in burlap sacks that were destined for Taiwan until that country declared a ban in August. "There is nothing to give them to do," says Eddie Huen, one of five brothers who run the business started by their father. "They are just sitting, waiting for the future." The carvers are family to each other and have little life outside...